The report says the crypto exchange's employees knew and joked about the tranche of Iranian users.
Binance did not immediately respond to The Block’s requests for comment.
The Reuters investigation cites interviews with seven traders who said they avoided this ban, and continued to have access until September last year. It also says it found 11 people whose LinkedIn profiles say they traded after the ban was enacted. In addition to these details, Reuters says employees knew and joked about the tranche of Iranian users.
The Reuters report states that people easily avoided bans via virtual private networks and that the tech was even endorsed by Binance in aThe claims relate to Binance, the entity whose holding company is based in the Cayman Islands, rather than the US entity of the company, which calls itself Binance.US. Both entities are controlled by Zhao.
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